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Oct 12, 2012
10/12
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KCSMMHZ
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mitsuko nishikawa, nhk world, tokyo. >>> u.s. vice president joe biden and his republican challenger congressman paul ryan clashed over a wide range of issues during their thursday debate. they included the direction of the country's economy as well as foreign policy. paul ryan attacked the obama administration on the economic front. >> we're heading in the wrong direction. 23 million americans are struggling for work today. 15% of americans are living in poverty today. this is not what a real recovery looks like. we need real reforms for real recovery. and that's exactly what mitt romney and i are proposing. >> joe biden defended the president's record, saying the markets were in a free-fall when obama took office. he counterattacked by accusing mitt romney of holding hostage the middle class and not supporting the recovery. >> we knew we had the middle class. we immediately went out and rescued general motors. we cut taxes for the middle class. and in addition to that, when that occurred what did romney do? romney said no, let
mitsuko nishikawa, nhk world, tokyo. >>> u.s. vice president joe biden and his republican challenger congressman paul ryan clashed over a wide range of issues during their thursday debate. they included the direction of the country's economy as well as foreign policy. paul ryan attacked the obama administration on the economic front. >> we're heading in the wrong direction. 23 million americans are struggling for work today. 15% of americans are living in poverty today. this is...
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Oct 19, 2012
10/12
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KBCW
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but some in tokyo still have trouble connecting. enter an entrepreneur who is cashing in on getting close. >> reporter: a frenetic capital city. one of the largest and most densely populated anywhere in the world. also famous for its tireless workers or salary men. and here in tokyo, a place that's known for quirky ideas, one former salary man has come up with a very unique business. a co-sleeping specialty shop. yes, people come here to cuddle. before you let your mind run wild he says yes, it is just cuddling. nothing more. customers pay about $40 to sleep next to a girl for 20 minutes. some customers are young men looking for simple companionship. 21-year-old luihei visits the shop almost every day. it's unique and relaxing. i try to stay awake because i enjoy talking with the girls. >> they've clearly hit a nerve. it's about 9:00 on thursday night. just about every room is taken. you can see the place is not big. it's about 400 square feet. >> reporter: he is surprised at all the attention his business is getting. and yes, he is
but some in tokyo still have trouble connecting. enter an entrepreneur who is cashing in on getting close. >> reporter: a frenetic capital city. one of the largest and most densely populated anywhere in the world. also famous for its tireless workers or salary men. and here in tokyo, a place that's known for quirky ideas, one former salary man has come up with a very unique business. a co-sleeping specialty shop. yes, people come here to cuddle. before you let your mind run wild he says...
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Oct 11, 2012
10/12
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WBAL
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taking a look at overseas trading this morning, in tokyo the nikkei was down 49 points but in hong kong the hang seng gained 79. >>> wall street is all about earnings right now, and wednesday caution from alcoa and a late-day warning from chevron dragged earnings lower. >>> walmart was another bright spot hitting an all-time high on this season's lay away success and plans for more small scale stores. >>> jpmorgan chase's cfo is reportedly stepping down at the end of the year. the bank's ceo, jamie dimon, made headlines yesterday backing democrats on the tax cut debate saying he's willing to pay a higher individual rate. >>> meanwhile, westgate resort mogul david siegel best known for his 90,000 square foot home warned his 65,000 employees if president obama is re-elected he'll be forced to downsize or shut down entirely. >>> east man kodak wants a bankruptcy judge to end benefits to some 63,000 employees. gentleman on the data front, foreclosures dropped to a five time low and heating oil could be 19% more expensive this winter. >>> according to forbes, columbus, ohio, is the best u.s.
taking a look at overseas trading this morning, in tokyo the nikkei was down 49 points but in hong kong the hang seng gained 79. >>> wall street is all about earnings right now, and wednesday caution from alcoa and a late-day warning from chevron dragged earnings lower. >>> walmart was another bright spot hitting an all-time high on this season's lay away success and plans for more small scale stores. >>> jpmorgan chase's cfo is reportedly stepping down at the end of...
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Oct 12, 2012
10/12
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MSNBCW
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overseas trading, in tokyo, the nikkei dipped. in hong kong, hang sang dipped. >>> foreign earnings exposure. advanced microdevices warned global economic weakness is taking a toll on their bottom line. investors shrugged off good and bad news including weekly jobless claims. a few stocks jumped after reports of new owners said they could be bought by soft bank. defense truck maker shot up on news investor carl icahn may buy them. starting next year, walmart is going to offer employees free heart, spine transplant surgeries. the reason? walmart believes paying more to get the job done right the first time saves on complications. >>> the u.s. postal service will raise rates on january 27 to offset a record $15 billion in losses this year. good news if you stocked up on forever stamps in 2007, you are now saving a nickel a piece. >>> to get a warm fuzzy feeling when you see the thumbs up sign next to your facebook page? of course we do, right? creative students have taken it a step further. they designed a vest that inflates when yo
overseas trading, in tokyo, the nikkei dipped. in hong kong, hang sang dipped. >>> foreign earnings exposure. advanced microdevices warned global economic weakness is taking a toll on their bottom line. investors shrugged off good and bad news including weekly jobless claims. a few stocks jumped after reports of new owners said they could be bought by soft bank. defense truck maker shot up on news investor carl icahn may buy them. starting next year, walmart is going to offer employees...
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Oct 12, 2012
10/12
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WUSA
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tokyo's nikkei shed a fraction. hang seng added half of a percent. the labor department reported the number of people filing new claims for unemployment declined to the lowest level in 4 1/2 years but the news did little to move the stock market. the dow lost 18 points on thursday. the nasdaq was off two points. a japanese cell phone company wants to buy 70% of struggling sprint-nextel corporation. sprint is the third largest cell phone company in the u.s. it continues to lose high paying subscribers to verizon and at&t. it is valued at about $13 billion. the price of corn jumped 5% on the commodities market and ill mean higher prices for meats and other products that contain corn. throughout damaged corn for december delivery finished at $7.73 a bushel on thursday. the agriculture department expects the harvest will be the smallest in six years. the drought in the corn belt is the worst in half a century. and a penny more for your thoughts at least if you're planning to mail them the financially strapped postal service said. the price of a first cla
tokyo's nikkei shed a fraction. hang seng added half of a percent. the labor department reported the number of people filing new claims for unemployment declined to the lowest level in 4 1/2 years but the news did little to move the stock market. the dow lost 18 points on thursday. the nasdaq was off two points. a japanese cell phone company wants to buy 70% of struggling sprint-nextel corporation. sprint is the third largest cell phone company in the u.s. it continues to lose high paying...
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Oct 11, 2012
10/12
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CNBC
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we'll head back out to cadd ere cadre oig in tokyo after the break. kadri in tokyo after the . >>> christine lagarde calls for developed nations to do more to get their budgets in order while at the same time urging europe to give greece more time. >>> and central banks take action on slowing global growth. interest rates both cut by 25 basis points as the economies try to copy with waning demand. >> plus the states have been raised for today's debate between joe biden and paul ryan and new polls show the race for the white house has tightened. >> kelly and i might be wearing a dapper of red today. european stocks -- >> we didn't even plan it. we're just on the same wave length. >> stocks have a dash of green. not much, just a little. a welcome break if you're long in the markets after these days of losses. >> ten year moving higher, but not much. italy has been sitting at roughly those levels for some time now. gilts are benefiting, as well, from a bit of dissertation. 1.76% yield on that this morning. >> and on the currency market, euro-dollar, we g
we'll head back out to cadd ere cadre oig in tokyo after the break. kadri in tokyo after the . >>> christine lagarde calls for developed nations to do more to get their budgets in order while at the same time urging europe to give greece more time. >>> and central banks take action on slowing global growth. interest rates both cut by 25 basis points as the economies try to copy with waning demand. >> plus the states have been raised for today's debate between joe biden...
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Oct 12, 2012
10/12
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WRC
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in tokyo the nikkei dipped 12 points but in hong kong the hang seng gained 137. >>> a worrying trend has emerged on wall street. u.s. companies with foreign earnings exposure. after the bell thursday chip maker advanced micro devices followed a number of companies to warn this week that global economic weakness is taking a toll on their bottom line. stocks lacked direction thursday as investors mostly shrugged off good and bad news including fewer weekly jobless claims and a ratings cut for spain. a few stocks jumped after reports of potential new owners. >>> sprint nextel soared after a report that it could be bide by soft bank and defense truck maker oshkosh shot up on news carl icon offered to buy the company for almost $3 billion. >>> elsewhere, big changes to walmart's employee health care plan. starting next year the megachain will offer u.s. employees and their families free heart, spine, and transplant surgeries at six major health centers including the mayo and cleveland clinics. the reason, walmart believes paying more to get the job done right the first time saves on costl
in tokyo the nikkei dipped 12 points but in hong kong the hang seng gained 137. >>> a worrying trend has emerged on wall street. u.s. companies with foreign earnings exposure. after the bell thursday chip maker advanced micro devices followed a number of companies to warn this week that global economic weakness is taking a toll on their bottom line. stocks lacked direction thursday as investors mostly shrugged off good and bad news including fewer weekly jobless claims and a ratings...
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Oct 11, 2012
10/12
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MSNBC
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taking a look at overseas trading this morning, tokyo, nikkei is down 49 points. in hong kong, hang seng gained 79. >>> on wall street wednesday, walmart was the big bright spot hitting an all time high on this season's lay away success and plans for more small scale stores. elsewhere, j.p. morgan chase's cfo is stepping down at the end of the year. the bank's ceo jamie diamond also made headlines yesterday backing democrats on the tax cut debate saying he's willing to pay a higher individual rate. >>> meanwhile, west gate resort mogul david siegel known for his 90,000 square foot home warned i had 6500 employees if president obama is re-elected, he'll be forced to downsize or shut down entirely. >>> eastman kodak wants a bankruptcy judge to allow it to end benefits to 56,000 retirees. on the data front, september foreclosure filings dropped to a five-year low. and home heating oil could be 19% more expensive this winter. according to forbes, columbus, ohio, is the best u.s. city for working moms followed by new orleans, hartford, cincinnati and providence. >>> it
taking a look at overseas trading this morning, tokyo, nikkei is down 49 points. in hong kong, hang seng gained 79. >>> on wall street wednesday, walmart was the big bright spot hitting an all time high on this season's lay away success and plans for more small scale stores. elsewhere, j.p. morgan chase's cfo is stepping down at the end of the year. the bank's ceo jamie diamond also made headlines yesterday backing democrats on the tax cut debate saying he's willing to pay a higher...
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Oct 9, 2012
10/12
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MSNBC
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taking a look at overseas trading this morning, in tokyo, the nikkei stumbled 93 points n hong kong, the hang seng gained 112. stocks have been on a strong run. right now earnings and global growth fears have investors on edge. in tokyo this morning, officials from the international monetary fund said the global economy could be skidding towards recession just three years after pulling out of the previous one. that coupled with alcoa's third carter earnings kickoff could be a big market driver today. yesterday intel, home debow and walt disney ended the day lower. apple dragged the dow and the s&p 500 despite denials of a strike at one of the manufacturing plants. house officials are warning u.s. companies to avoid dealing with china's two largest telecommunication makers. >>> american express and walmart are rolling out a new prepaid card. gm plans to hire up to 10,000 computer pros. it takes software and tech design in house. piling more into your fridge these days? well, that's because americans's waist lines are growing along with our refrigerators. there is new data that shows r
taking a look at overseas trading this morning, in tokyo, the nikkei stumbled 93 points n hong kong, the hang seng gained 112. stocks have been on a strong run. right now earnings and global growth fears have investors on edge. in tokyo this morning, officials from the international monetary fund said the global economy could be skidding towards recession just three years after pulling out of the previous one. that coupled with alcoa's third carter earnings kickoff could be a big market driver...
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Oct 1, 2012
10/12
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MSNBCW
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taking a look at overseas trading, in tokyo, the nikkei dropped 73 points, while in hong kong, the hang seng was closed for a holiday. >>> as a new quarter begins and presidential candidates prepare to square off, economic data will be of particular interest to wall street and main street this week. the labor department's september employment report comes out friday, but will be high on investors' agenda all week. fed chair ben bernanke's latest take on the economy will also get a lot of attention when minutes from the federal reserve's latest policy meeting are released. september auto sales are also on tap. some experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to protest sweeping budget cuts and austerity measures included in a 2013 draft budget. >>> elsewhere, on the heels of apple's flawed debut of its new mapping ap
taking a look at overseas trading, in tokyo, the nikkei dropped 73 points, while in hong kong, the hang seng was closed for a holiday. >>> as a new quarter begins and presidential candidates prepare to square off, economic data will be of particular interest to wall street and main street this week. the labor department's september employment report comes out friday, but will be high on investors' agenda all week. fed chair ben bernanke's latest take on the economy will also get a lot...
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Oct 29, 2012
10/12
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CNBC
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government securities trading in tokyo and london as well. joining us on the phone to talk about that and more is sifma president and ceo, tim ryan. thanks for joining us here. >> thanks for being there. actually, both you, bill, and maria. >> your feeling is if they don't trade in new york, they shouldn't trade dollar-denominated currencies around the world. >> our recommendation was to close early today at noon. we chose to do it at noon principally because there were treasury auctions scheduled today. we wanted to get those finished. we recommended a close tomorrow. >> what about this cme report just moments ago that says overnight trading will happen at 7 p.m. tonight. how does that play into everything? i guess we want your take on the overall impact of a full market shutdown, like we're seeing, and what you're recommendation. >> well, remember, we recommend to our member firms, so they'll make the decision on cme on their own. typically when we make a recommendation because it's coordinated with the regulators globely, the firm spots th
government securities trading in tokyo and london as well. joining us on the phone to talk about that and more is sifma president and ceo, tim ryan. thanks for joining us here. >> thanks for being there. actually, both you, bill, and maria. >> your feeling is if they don't trade in new york, they shouldn't trade dollar-denominated currencies around the world. >> our recommendation was to close early today at noon. we chose to do it at noon principally because there were...
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Oct 9, 2012
10/12
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KNTV
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taking a look at overseas trading this morning, in tokyo the nikkei assembled 93 points. in hong kong the hang seng gained 112. stocks have been on a strong run, but right now earnings and europe's on going debt drama are threatening markets' momentum. just this morning, chancellor angela merkel arrived in greece to show solidarity. many greeks blame germany to deep cuts attached to its international bailout. thousands of snipers and officers were scrambled ahead of her arrival. so far protests have been calm. after the bell, alcoa kicks off what is expected to be a grim earnings season. apple was a drag on the dow and s&p despite denials of a strike at one of its manufacturing plants. >>> house officials are warninging u.s. companies to avoid dealing with two of china's telecom equipment makers. >>> american express and walmart are rolling out a reloadable prepaid card. currently 5% of walmart transactions are done in cash. >>> gm plans to hire up to 10,000 computer pros as it takes software and tech design in-house. >>> piling more into your fridge these days? that's be
taking a look at overseas trading this morning, in tokyo the nikkei assembled 93 points. in hong kong the hang seng gained 112. stocks have been on a strong run, but right now earnings and europe's on going debt drama are threatening markets' momentum. just this morning, chancellor angela merkel arrived in greece to show solidarity. many greeks blame germany to deep cuts attached to its international bailout. thousands of snipers and officers were scrambled ahead of her arrival. so far protests...
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Oct 11, 2012
10/12
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FBC
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he is speaking at a financial conference in tokyo saying from my perspective the u.s. economy is doing significantly better than anyone had any reason to expect not just because of the magnitude of the crisis but because of the size of the force of the shocks that hit the u.s. economy. apparently tim geithner and company have really low standards. growth has averaged 2% year under president obama lower than the 4 present many forecasts. but don't worry. tim geithner can explain that. the reason for the difference between reality and what was forecast is europe and the summer drought. it is like this administration is looking at a totally different economy than the rest of us. now we want to know what you think. here is our question tonight. tim geithner said the economy is better than anybody thought. do you agree? log onto gerri willis.com. we will share the results at the end of the show. >> coming up on the willis report mitt romney closing in on president obama as the swing state race titans. which candidate will come out on top? we have predictions as gerri willis
he is speaking at a financial conference in tokyo saying from my perspective the u.s. economy is doing significantly better than anyone had any reason to expect not just because of the magnitude of the crisis but because of the size of the force of the shocks that hit the u.s. economy. apparently tim geithner and company have really low standards. growth has averaged 2% year under president obama lower than the 4 present many forecasts. but don't worry. tim geithner can explain that. the reason...
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Oct 23, 2012
10/12
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KNTV
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taking a look at overseas trading on this tuesday in tokyo, the nikkei was up three points while in hong kong the hang seng rose 145. >>> well, call it high tech tuesday. up first, the market's react to yahoo's encouraging earnings after the bell monday. next, apple will be front and center before, during, and after its much hyped ipad mini event. then after the bell, facebook's second earnings report as a public company. >>> elsewhere, despite signs of life from the housing market, realty track's new election 2012 report finds 65% of local housing markets nationwide are worse off than four years ago. >>> more sobering data comes to us from the pew center which finds 35 to 44-year-olds are now the most worried about retirement. that is a stark contrast from just three years ago when generation x was the least concerned about retirement funds. >>> a new study ranks the nation's capital as the most affordable u.s. city. the study factors housing and transportation costs against median income. baltimore, philadelphia, minneapolis, and boston rounded out the top five. and finally, what does
taking a look at overseas trading on this tuesday in tokyo, the nikkei was up three points while in hong kong the hang seng rose 145. >>> well, call it high tech tuesday. up first, the market's react to yahoo's encouraging earnings after the bell monday. next, apple will be front and center before, during, and after its much hyped ipad mini event. then after the bell, facebook's second earnings report as a public company. >>> elsewhere, despite signs of life from the housing...
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Oct 3, 2012
10/12
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MSNBC
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taking a look at overseas trading this morning, in tokyo, the nikkei fell 39 points but in hong kong, the hang seng added 47. >>> a mixed day on the street could be the story for much of the week. on tuesday, material stocks stalled the dow after the country's largest fertilizer company reported weak global deman. meanwhile, news that spain will not ask for a bailout also wo y worried investors. safe havens helped the s&p stay in the black. the uneven trend is likely to last through friday ahead of the monthly jobs report, speaking of which new congressional research finds almost 2,400 people who received unemployment back in 2009 lived in households with annual incomes of $1 million or more. >>> back on the street, news that t-mobile parent deutsch tellcom may buy metro pcs. it sent the stock soaring 18%. auto saleses were up 13% overall last month with toyota and honda posting double digit gains. gm and ford sales were mostly flat. >>> apple and samsung's bitter patent battle goes on. a temporary sales ban against the galaxy tab 10.1 which a jury did not infringe on apple patents ha
taking a look at overseas trading this morning, in tokyo, the nikkei fell 39 points but in hong kong, the hang seng added 47. >>> a mixed day on the street could be the story for much of the week. on tuesday, material stocks stalled the dow after the country's largest fertilizer company reported weak global deman. meanwhile, news that spain will not ask for a bailout also wo y worried investors. safe havens helped the s&p stay in the black. the uneven trend is likely to last...
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Oct 24, 2012
10/12
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KNTV
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. >>> taking a look at overseas trading today, in tokyo the nikkei was down 59 points but in hong kong the hang seng gained 66. >>> corporate caution hit wall street hard tuesday and could sink stocks again today. after the bell dow chemical released earnings two days early and said it's slashing 2400 jobs and closing about 20 manufacturing plants to help save precious cash. >>> on the upside, facebook's revenue jumped 32% sending shares higher in late trade. >>> apple finally unveiled its ipad mini yesterday. the new handheld will start at $329. >>> well, if you've swiped your credit card at barnes & noble recently, you may want to change your pin number. the company says a security breach in its pin pads last month may have compromised customers' information. >>> a new study finds the gender pay gap is still dogging women, including recent college grads who now earn on average 82% of their male peers. >>> kiplinger's has ranked yale as the number one value of 100 of the nation's private colleges and universities. rice and princeton rounded out the top three. >>> be careful driving. n
. >>> taking a look at overseas trading today, in tokyo the nikkei was down 59 points but in hong kong the hang seng gained 66. >>> corporate caution hit wall street hard tuesday and could sink stocks again today. after the bell dow chemical released earnings two days early and said it's slashing 2400 jobs and closing about 20 manufacturing plants to help save precious cash. >>> on the upside, facebook's revenue jumped 32% sending shares higher in late trade....
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Oct 10, 2012
10/12
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CNBC
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we'll continue our coverage of the imf world bank meetings live on the ground in tokyo. we'll hear from the imf chief and world bank group president. this bank of korea will issue its latest decision. >>> meanwhile, apple has a pretty loyal customer base, maybe none more so than with teenagers. in its recent semiannual survey, 40% of teens own an iphone. around 44% own a tablet with the ipad making up nearly three quarters of those devices. 43% would more likely to go with apple if it starts smelling a smaller ipad, which it's expected to do sometime this autumn. are they spending their own money buying ipads? >> it doesn't matter. >> they say if they choose to buy, is this their money? i very much doubt in the vast majority of cases that it's the teenagers spending their cash to buy ipads. >> i bet they are in some cases. but i wonder if it matters. because fundamentally, if this product is desirable, so if 40% have one or want one versus 20% in this same survey a year ago, is that telling us all we need to know about apple or is it a sign of saturation? >> we're about
we'll continue our coverage of the imf world bank meetings live on the ground in tokyo. we'll hear from the imf chief and world bank group president. this bank of korea will issue its latest decision. >>> meanwhile, apple has a pretty loyal customer base, maybe none more so than with teenagers. in its recent semiannual survey, 40% of teens own an iphone. around 44% own a tablet with the ipad making up nearly three quarters of those devices. 43% would more likely to go with apple if it...
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Oct 11, 2012
10/12
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WUSA
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tokyo's nikkei dipped half of a percent while the hang seng added a quarter percent. wall street stocks were lower. the dow lost 128 point on wednesd wednesday, the sharpest decline since june. nasdaq was down 13 points. the housing market continues its recovery. realtytrac says the number of foreclosures dropped to a five year low. there were more than 180,000 filings in september the second consecutive monthly deplain. the department of energy expect temperatures to be normal this winter and that means higher heating cost. last winter was warmer than usual. heating bills could rise 20% for oil customer, 15% for natural gas, and 5% for electricity customers. >>> worldwide sales of personal computers are sharply down. two research organizations say third quarter pc shipments are off by 8% from a year ago. back to school purchases usually keep third quarter pc sales strong. the drop off is due in part to consumers spending on tablets and smart phones. >>> and it's the real thing after 80 years, no more coca-cola in 6 1/2 ounce returnable contour glass bottles. a minnes
tokyo's nikkei dipped half of a percent while the hang seng added a quarter percent. wall street stocks were lower. the dow lost 128 point on wednesd wednesday, the sharpest decline since june. nasdaq was down 13 points. the housing market continues its recovery. realtytrac says the number of foreclosures dropped to a five year low. there were more than 180,000 filings in september the second consecutive monthly deplain. the department of energy expect temperatures to be normal this winter and...
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Oct 19, 2012
10/12
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MSNBCW
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. >>> taking a look at overseas trading this morning, in tokyo, the nikkei added 19 points while in hong kong, the hang seng was up 3. >>> in brussels, europe's leader agreed to install a new supervisor over the eurozone next year. meanwhile, smoke-filled street in athens as riot police clash with protesters. >>> back here at home, a weak earnings report from google came out midday instead of after the bell. google plunged, trades were halted for hours and markets never recovered. >>> later microsoft said dwindling pc demand hurt its profit. bad news before its big windows 8 launch. more pc fallout from chipmaker amd now planning to lay off 15% of its staff. >>> world trade organization handed the obama administration a small but significant victory, barring china from imposing duties on steel exports made at ohio-based ak steel. the average price of regular gas is down to $3.74 a gallon. dunkin' donuts munchkins may have a new sibling, bagel bunchkins. >>> victoria secret unveiled its annual fantasy bra. the gem encrusted floorle creation is worth a whopping 2.5 million bucks. who has t
. >>> taking a look at overseas trading this morning, in tokyo, the nikkei added 19 points while in hong kong, the hang seng was up 3. >>> in brussels, europe's leader agreed to install a new supervisor over the eurozone next year. meanwhile, smoke-filled street in athens as riot police clash with protesters. >>> back here at home, a weak earnings report from google came out midday instead of after the bell. google plunged, trades were halted for hours and markets...
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Oct 12, 2012
10/12
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CNBC
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. >> meanwhile over in tokyo, the imf is not letting up on its grim outlook on its growth in asia. it's lowering to below 4%. but asia still has what it takes to power the world's economy and it money is on china avoiding a hard landing and on a japanese recovery helped by further easing. kadri has been there all week and joins us once again. how have these imf comments gone down? >> well, i think the manufacturing today theity that we have says no global economy has been immune to the dead crisis of the eurozone, but generally the people that i speak to recognize the slow down in asia and in china. but there was some criticism saying the situation is more critical than it was a couple months back. here's what the head of the esm hd to say. >> i think the imf in general has not given us enough credit for all the program we're making in europe, the emf stability report for example says risks in europe now are higher than six months ago. i think the imf is a bit behind the curve here and talking to investors in tokyo, which is the main reason i'm here which is to familiarize them wit
. >> meanwhile over in tokyo, the imf is not letting up on its grim outlook on its growth in asia. it's lowering to below 4%. but asia still has what it takes to power the world's economy and it money is on china avoiding a hard landing and on a japanese recovery helped by further easing. kadri has been there all week and joins us once again. how have these imf comments gone down? >> well, i think the manufacturing today theity that we have says no global economy has been immune to...
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Oct 23, 2012
10/12
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WUSA
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tokyo's nikkei edged up for the seventh straight day, its longest winning streak in 15 months. hong kong's hang seng is closed for a holiday. >>> yahoo! surprised investors with a better than expected earnings report. the internet firm said it earned $2.64 per share and posted a net revenue from the previous year. it was the first quarterly report under new ceo marisa meyer, who took over during the summer. >>> on wall street, stocks rallied late in the day to finish slightly higher. the dow added two points while the nasdaq gained 11 points. >>> the food and drug administration is investigating reports of five deaths that may be connected to monster energy drinks. the fda says the reports don't necessarily prove the highly caffeinated drinks caused the deaths. the news of the investigation sent shares of monster's parent company down 14%. >>> a new survey finds many americans who are still decades away from retiring are worried about their golden years. the study by pew research center finds 49% of americans between the ages of 35 and 44 have little or no confidence they will
tokyo's nikkei edged up for the seventh straight day, its longest winning streak in 15 months. hong kong's hang seng is closed for a holiday. >>> yahoo! surprised investors with a better than expected earnings report. the internet firm said it earned $2.64 per share and posted a net revenue from the previous year. it was the first quarterly report under new ceo marisa meyer, who took over during the summer. >>> on wall street, stocks rallied late in the day to finish slightly...
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Oct 12, 2012
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tokyo's nikkei shed a fraction, hong kong's hang seng added half a percent. the labor department says the number of people filing new claims for unemployment fell sharply. it's the lowest level in 4.5 years. but the news did little to move the stock market thursday. the dow was down nearly 19 points. ♪ [ music ] >> the nasdaq fell two points. stock futures point to a higher opening on wall street as the nation's biggest bank jpmorgan chase reported higher-than- expected profits in the 3rd quarter. a jump in mortgage sales helped the bank net $5.3 billion. that's up 36% from a year ago far surpassing the forecast. jamie dimon thinks the housing market turned a corner. wells fargo reported higher earnings. up 23% from a year ago. >>> japanese cell phone company soft bank corporation wants 70% of sprint nextel. sprint is the third largest cell phone company in the u.s. it continues to lose high paying subscribers to verizon and at&t. the deal is valued at about $12.8 billion. the news sent sprint shares to the highest level in more than four years. back to you
tokyo's nikkei shed a fraction, hong kong's hang seng added half a percent. the labor department says the number of people filing new claims for unemployment fell sharply. it's the lowest level in 4.5 years. but the news did little to move the stock market thursday. the dow was down nearly 19 points. ♪ [ music ] >> the nasdaq fell two points. stock futures point to a higher opening on wall street as the nation's biggest bank jpmorgan chase reported higher-than- expected profits in the...
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Oct 10, 2012
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taking a look overseas, in tokyo, the nikkei plunged 173 points while in hong kong, the hang seng lost 17. >>> so how will investors react to the unofficial start to earnings season? after the bell, alcoa lowered its 2012 outlook for aluminum demand but reported slightly better than expected earnings and revenue. also yum brands said it saw strong quarterly sales in china. >>> the international monetary fund says global financial risks have risen in the past six months. that's thanks mostly to the eurozone debt crisis. >>> on tuesday, protests got heated in greece as german chancellor angela merkel pledged her support for strict austerity measures there. >>> this morning toyota is recalling nearly 7.a 5 million vehicles worldwide to replace defects in power window switches in more than a dozen models nearly 2.5 million in the u.s. >>> the u.s. is suing we also far go for hundreds of millions of dollars in damages for what it claims is more than a decade's worth of mortgage fraud. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune
taking a look overseas, in tokyo, the nikkei plunged 173 points while in hong kong, the hang seng lost 17. >>> so how will investors react to the unofficial start to earnings season? after the bell, alcoa lowered its 2012 outlook for aluminum demand but reported slightly better than expected earnings and revenue. also yum brands said it saw strong quarterly sales in china. >>> the international monetary fund says global financial risks have risen in the past six months. that's...
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Oct 17, 2012
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tokyo gained 1% and hang seng also added 1%. wall street ended higher on better than expected third quarter earning reports from bellwether companies. the dow finished up 127 points it was its biggest gain in one month. the nasdaq rose 36 points. michael corbat a long time citibank executive is the new ceo of the bank. pandit resigned on tuesday. during his five year tenure, he steered the bank through the 2008 financial crisis. he quit over frequent clashes with the board over business performance and strategy. citibank is the nation's third largest bank. >>> target is the latest in a growing line of retailers that will match prices from online competitors. target's program will run from next month to mid-december. it is an attempt to combat so-called showrooming that's when shoppers check the price of merchandise in a store and then order it online often at a lower price. >>> a123 government backed electric car battery maker is filing for bankruptcy. a123 received a federal grant of $249 million aimed at the development of ele
tokyo gained 1% and hang seng also added 1%. wall street ended higher on better than expected third quarter earning reports from bellwether companies. the dow finished up 127 points it was its biggest gain in one month. the nasdaq rose 36 points. michael corbat a long time citibank executive is the new ceo of the bank. pandit resigned on tuesday. during his five year tenure, he steered the bank through the 2008 financial crisis. he quit over frequent clashes with the board over business...
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Oct 15, 2012
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in tokyo, the nikkei gained 43 points, while in hong kong, the hang seng nudged up 11. stocks turned in their worst performance since early june last week, but a few factors could turn things around this week. today new retail sales figures should be positive after consumer sentiment sparked to a five-year high on friday. key earnings are on deck from heavyweights like ge, part owner of this network, as well as coca-cola, mcdonald's, and microsoft. >>> in deal news, japan's softbank has reportedly agreed to acquire a majority stake in sprint nextel for $20 billion. the boost to social security benefits could be among the lowest in decades, around 1%, or an estimated $12 to $24 for the typical retiree collecting an average of $1,237 a month. >>> sunland, the new mexico company connected with an ongoing recall of nut butter to include raw and roasted peanuts. amazon kindle owners could see a drop in ebook price and possibly even refunds on past purchases if a judge approves legal settlements of publishers accused of fixing prices. >>> apple has not confirmed the existence
in tokyo, the nikkei gained 43 points, while in hong kong, the hang seng nudged up 11. stocks turned in their worst performance since early june last week, but a few factors could turn things around this week. today new retail sales figures should be positive after consumer sentiment sparked to a five-year high on friday. key earnings are on deck from heavyweights like ge, part owner of this network, as well as coca-cola, mcdonald's, and microsoft. >>> in deal news, japan's softbank...
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Oct 12, 2012
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greece spain took center stage at the fund meeting in tokyo. the ims is recommending some of europe's most heavily in debt countries take more time to reduce budget deficits. the experts say moving too fast is counterproductive because it hurts the overall economy. germany, which is europe's largest creditor, says slowing down debt reduction hurts the credibility of the european union. >>> if you travel to travel on the bart, there will be delays for testing between lafayette and pleasant grove. tomorrow trains will be on manual mode between walnut creek and pleasant hill. passengers should expect delays of 10 minutes. testing is expected to be completed tomorrow night with service back to normal by sunday. >>> we don't have 10 minute delays. >>> let's take a look at the toll plaza. it's still moving very slowly. they try to meter the traffic getting into san francisco stacked up onto the east shore. 580 is a mess getting into the city. people don't expect this really on a friday, but if you're trying to get into the city in your car you're goi
greece spain took center stage at the fund meeting in tokyo. the ims is recommending some of europe's most heavily in debt countries take more time to reduce budget deficits. the experts say moving too fast is counterproductive because it hurts the overall economy. germany, which is europe's largest creditor, says slowing down debt reduction hurts the credibility of the european union. >>> if you travel to travel on the bart, there will be delays for testing between lafayette and...
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Oct 11, 2012
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speaking at a conference in tokyo, i'm quoting directly, from my perspective, the u.s. economy is doing significantly better than anybody had reason to expect. but on "varney & company," we don't avoid the reality. and the second quarter, economic growth was revised down to 1.3%, back then, unemployment was above 8% and we're still close to that now. no matter what the numbers tell you. here is one rebounding area, that's tough to ignore and that's housing, and we get the latest number freddie mac, rates at the top of the hour, another all-time low is possible and about 3.35, 36 last week and what's it going to be this week? find out the top of the hour. and also, at ten. realgae, the third biggest ipo this year, and joining us to talk about housing stock, realogy, a single family home in a good neighborhood the single best investment you can make? what do you think he's going to say to that. 10:45 this morning. back to nicole, big decliner metropcs. how bad? >> we're taking a look at metropcs and sprint is part of the story, a big winner on the s&p 500 and the story is
speaking at a conference in tokyo, i'm quoting directly, from my perspective, the u.s. economy is doing significantly better than anybody had reason to expect. but on "varney & company," we don't avoid the reality. and the second quarter, economic growth was revised down to 1.3%, back then, unemployment was above 8% and we're still close to that now. no matter what the numbers tell you. here is one rebounding area, that's tough to ignore and that's housing, and we get the latest...
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Oct 18, 2012
10/12
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CNN
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also famous for its tireless workers, and here in tokyo's akihabara district, a place known for quirky ideas, one former salary man himself has come up with a very unique business. a co-sleeping specialty shop. >> hi. >> yes. people come here to cuddle, masashi koda tells me. before you let your mind run wild, he says, yes, it is just cuddling. nothing more. customers pay about $40 to sleep next to a girl for 20 minutes. some customers are young men looking for simple companionship. 21-year-old luha visits the shop almost every day. he tells me i like coming here. it's unique and relaxing. i try to stay awake because i enjoy talking with the girls. >> do you have a girlfriend? no, i don't, he says. i never had a lot of chances to meet girls, so this is refreshing for me. 19-year-old hena is a student. she works here part-time. she says most guys come here to relax and rest after working hard all day. they've clearly hit a nerve. it's about 9:00 on thursday night right now, and just about every room is taken, and you can see the place is not big. it's about 400 square feet in total. the
also famous for its tireless workers, and here in tokyo's akihabara district, a place known for quirky ideas, one former salary man himself has come up with a very unique business. a co-sleeping specialty shop. >> hi. >> yes. people come here to cuddle, masashi koda tells me. before you let your mind run wild, he says, yes, it is just cuddling. nothing more. customers pay about $40 to sleep next to a girl for 20 minutes. some customers are young men looking for simple companionship....
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Oct 10, 2012
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so the capital of japan is tokyo. we know thesing a fact. here is the fact. not a single taxpayer dollar goes to fund abortions. not one. not even a cent. not even a penny. not one. the theory of reinstituting the policy is a farce. mitt romney was pro-choice. now -- then pro-life. then this morning he was pro-choice and now andrea is saying he's pro-life. i'm confused. the great thing is i couldn't p can't an abortion. the presidency is being choosing supreme court justices. that's what it is about. nothing more and nothing less. they decide every aspect of our lives. he liked scalia and clarence thomas. that's what the choices are about. nothing else. >> my thanks to our wednesday political power panel. trifecta from south carolina. thanks to all three of you. i appreciate it. >>> it is a headache the obama team doesn't need right now. congress holding a hearing on benghazi and attack at the top of the hour. just as new details start to emerge the moments leading up to street attack that killed four americans, including ambassador chris stevens. plus, who h
so the capital of japan is tokyo. we know thesing a fact. here is the fact. not a single taxpayer dollar goes to fund abortions. not one. not even a cent. not even a penny. not one. the theory of reinstituting the policy is a farce. mitt romney was pro-choice. now -- then pro-life. then this morning he was pro-choice and now andrea is saying he's pro-life. i'm confused. the great thing is i couldn't p can't an abortion. the presidency is being choosing supreme court justices. that's what it is...
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Oct 12, 2012
10/12
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might be from what you got from lagarde in tokyo suggesting greece should be given more time. hel helenic and national bank of greece in positive territory. the reason you have the outperformance is because they fell so hard earlier in the week. in fact the ase as we got the announcement there would be a 24-hour strike on thursday when the summit begins in brussels so in athens all of the public sector unions will take to the streets again which could affect markets. the other major thing we had the beginning of the session when we came here 6:00 a.m. at the new york stock exchange the banks were flying high in europe but faded into the close. lloyd's banco popular, up 2%, 3%, 5% but sunk back down. the reason they were higher a major reweighting from deutsche bank, one of the biggest operators within europe suggesting now is the time for europe to enter tactically positive and this is the argument the top 600 blue chips in europe trade 11 times earnings, should trade 12 1/2 times because they believe there will be an unlocking to the risk premium and believe you should watch
might be from what you got from lagarde in tokyo suggesting greece should be given more time. hel helenic and national bank of greece in positive territory. the reason you have the outperformance is because they fell so hard earlier in the week. in fact the ase as we got the announcement there would be a 24-hour strike on thursday when the summit begins in brussels so in athens all of the public sector unions will take to the streets again which could affect markets. the other major thing we...
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Oct 19, 2012
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tokyo's nikkei gained a quarter percent to finish off its best week in a year while hong kong's hang seng rose half a percent. >>> google is no longer a sky's the limit growth stock. shares plunged more than 9% for a time on thursday when its third quarter results fell short of investor expectations. the disappointing numbers were not supposed to be released until after the stock market closed. weak advertising and steep losses in its cell phone business dragged earnings down. google stocks closed at $695 per share. >>> google's report pulled stocks on wall street lower as well. dow down 8, nasdaq down 31. >>> smokers issmuckers is urging people not to eat the peanut butter sandwiches made by a mexico supplier where salmonella was found. the outbreak sickened 35 people in 19 states. none tied to smuckers uncrustables. definitely don't want to send your kid off to school with that. >> no. >> my coworker has a sore neck. >> not from texting but it hurts. >> reporter: i'm concerned for my health as well to be honest with you because doctors do say that more and more peek are coming down
tokyo's nikkei gained a quarter percent to finish off its best week in a year while hong kong's hang seng rose half a percent. >>> google is no longer a sky's the limit growth stock. shares plunged more than 9% for a time on thursday when its third quarter results fell short of investor expectations. the disappointing numbers were not supposed to be released until after the stock market closed. weak advertising and steep losses in its cell phone business dragged earnings down. google...
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Oct 10, 2012
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china's central bank governor will not leave the chinese delegation at the semiannual imf meeting in tokyo this week. the decision is a snub to the host country japan. the skipped meeting follows a deterioration in the relations between china and japan over their competing claims to some islands in the east china sea. the fight has been marked by violent protests and calls for boycotts of japanese products in china. other news on china, a u.s. congressional panel will probe a new wave of complaints against waway, and zte urged american companies to stop doing business with the chinese telecomequipment makers. that has triggered a fresh wave of complaints and they have been receiving calls from current and former employees and customers that are reporting supposedly suspicious equipment. >> we heard that from carly, who said she was convinced that they had stolen intellectual property. that was her complaint. is probably hearing about this, you probably got a rash of complaints that people stood up and said yes, we've seen similar behavior. let's take a look at the markets the morning. yest
china's central bank governor will not leave the chinese delegation at the semiannual imf meeting in tokyo this week. the decision is a snub to the host country japan. the skipped meeting follows a deterioration in the relations between china and japan over their competing claims to some islands in the east china sea. the fight has been marked by violent protests and calls for boycotts of japanese products in china. other news on china, a u.s. congressional panel will probe a new wave of...
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Oct 15, 2012
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. >> by most accounts the imf meeting in tokyo was a bit of a bust. leaves some big questions for the heads of state of the eu, doesn't it, simon hobbs? >> it certainly does. the politics are going to n dominate as we get to the full summit. the close there is a broad based move higher. 63% of the stocks, 600 are higher. almost a mark up more than anything else perhaps. it has become apparent that as far as greece is concerned, and we had a press conference today with angela merkel, it does appear as if there's going to be some assistance for greece to meet its dead obligations. over the weekend merkel was suggesting greece should be given another chance. today she said there should be no uncontrollable events within the eurozone. we'll wait and see what they deliver for greece and, of course, there's a discussion about how they can juggle the debt further. what is interesting is the degree to which people continue to make money from this dovishness, if you like, that we're now getting from the germans and the greek stock market moving higher again to
. >> by most accounts the imf meeting in tokyo was a bit of a bust. leaves some big questions for the heads of state of the eu, doesn't it, simon hobbs? >> it certainly does. the politics are going to n dominate as we get to the full summit. the close there is a broad based move higher. 63% of the stocks, 600 are higher. almost a mark up more than anything else perhaps. it has become apparent that as far as greece is concerned, and we had a press conference today with angela merkel,...
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Oct 24, 2012
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. >> and how would you like to get from new york city to tokyo in 90 minutes? private rocket company, ex-core one of the top contenders in the private space race is developing a super sonic aircraft that sometime in the next 10 to 13 years will be able to make that trip. they will fly through space for a portion of the trip. the price of the ticket will easily cost a hundred thousand dollars. >> bill: that's not even time to get a drink let alone the meal. >> not that flying is a particularly enjoying experience, but 90 minutes might be a little fast -- >> and you would have to wear one of those suits. >> that's the problem you just sky dive out when you get over tokyo. >> bill: yeah, climb on top of the rocket and let you go. look the debates are over now, right? here is what i would like to ask you starting off this morning, because i have been thinking about this a lot. what do we think about the debates themselves, and how they are run, and how they should be run? are they fair? are the rules fair? and do they even serve a purpose? we have talked a lot abou
. >> and how would you like to get from new york city to tokyo in 90 minutes? private rocket company, ex-core one of the top contenders in the private space race is developing a super sonic aircraft that sometime in the next 10 to 13 years will be able to make that trip. they will fly through space for a portion of the trip. the price of the ticket will easily cost a hundred thousand dollars. >> bill: that's not even time to get a drink let alone the meal. >> not that flying...